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SOCIAL ENTREPRENEURSHIP
Presented by,
Karthik K J
THE RISE OF SOCIAL ENTREPRENEURSHIP…
Not a new concept A response to failures of governments
and corporations to tackle social challenges
Accelerated pace: globalization and high interconnectivity
Pragmatic and real-time solutions
The Social Entrepreneurship Movement
Social Entrepreneurship› A new form of entrepreneurship applies to
social problem solving tradition, private-sector entrepreneurship’s focus on innovation, risk-taking, and large scale transformation.
Social Entrepreneurship Process› Recognition of a perceived social opportunity› Translation of the social opportunity into an
enterprise concept› Identification and acquisition of resources
required to execute the enterprise’s goals.
Social Entrepreneurs
Social Entrepreneur› A person or small group of individuals who
founds and/or leads an organization or initiative engaged in social entrepreneurship.
› Also referred to as “public entrepreneurs,” “civic entrepreneurs,” or “social innovators.
SocialEntrepreneur
SOCIAL ENTRENEURSHIP:
+ =
Social Entrepreneur SocialEntrepreneur
Social Entrepreneurs (cont’d)
Characteristics of Social Entrepreneurs as Change Agents› Adoption of a mission to create and sustain
social value (beyond personal value)› Recognition and relentless pursuit of
opportunities for social value› Engagement in continuous innovation and
learning› Action beyond the limited resources at
hand› Heightened sense of accountability
INSPIRING INDIVIDUALS AND COMMUNITIES
The Social Enterprise Challenge
Social Obligation› Firms that simply react to social issues through
obedience to the laws.
Social Responsibility› Firm that respond more actively to social issues;
accepting responsibility for various programs.
Social Responsiveness› Firms that are highly proactive and are even
willing to be evaluated by the public for various activities.
SOCIAL ENTERPRISE:
An organization that applies business (commercial) strategies to promote
development and maximize improvements in human and
environmental well-being, rather thanmaximizing profits for company
shareholders.
BUSINESS AND THE SOCIAL ENVIRONMENT
WHAT IS NOT SOCIAL ENTERPRENEURSHIP
Charity
Advocacy
Corporate Social Responsibility
COMMON CHARACTERISTICS:Social Enterprises:
Operate as commercially run businesses. Create social value and/or mitigate social
problems. Aim to make profits. Generate income through sales of goods
or services. Use good business practices and
principles. Use the majority of their profits to further
social or environmental goals.
THE SOCIAL ENTERPRISEPIONEERS
THE PIONEERS
THE PIONEERS
Microfinance, rural education, social development
BRAC, an international development organization based in Bangladesh, is the largest non-governmental development organization in the world, measured by the number of employees and the number of people it has helped, as of November 2012
PROVEN SUCCESS
Both the Grameen Bank and BRAC demonstrated that is was possible to mitigate poverty on a massive scale.
Growing solutions in a bottom-up fashion.
Social innovation and trial and error.
SOCIAL ENTERPRISE MODELS…
Revolutionizing approaches to business conceptualizationCreative organizational structures Integrated use of technology Bottom-up approachSparking off innovation and change
NOT JUST THE RIGHT THING…
Investment in social enterprise is rising around the world
Biggest economic opportunities are around solving societal needs
Big benefits for countries that pursue it
GETTING STARTED….
Social entrepreneurship is not for everyone…
Driving force: PASSION for a cause Articulating the problem and the
solution Use available resources Find synergy Financially sustainable business model